Bharti Airtel take part in right issue?
As per report Bharti Airtel said on Thursday its promoters would take part in the $4.57 billion capital infusion plan by subscribing to its rights issue.
Meanwhile the Promoter Singapore Telecommunications Ltd (Singtel) will subscribe to 17 crore shares in the Airtel’s rights issue for a total consideration of Rs. 3,750 crore ($535.89 million), the Singapore based company said in a separate statement.
Furthermore Singtel said Singtel and Airtel’s major shareholders Bharti Group and Bharti Telecom intend to subscribe to their full entitlement, except for a renunciation by Bharti Telecom in favor of GIC Singapore.
Bharti airtel ne naya plan sabhi ke liye laya he, vo chahte he ki log unse jude rahe, dekhete he ki kya vo jio ki takkar le sakte he ya nahi,